Currency pair Australian dollar against the US dollar AUD USD has gone into the development of ascending correction and currently have the capacity to rebound from a pair of the upper limit of the downward channel. An additional signal will test the descending trend line on the indicator of relative strength, but this is important to see price growth above the level of 0.7630.
FOREX Forecast Australian Dollar on October 17, 2016
Cancellation option will drop pairs of strong growth and the breakdown of the upper limit of the downward channel.
Thus, the Australian Dollar Forecast FOREX on 17 October 2016 suggests an attempt to rebound from the upper border of the descending pattern with 5-0 potential target falls below the level of 0.7450.
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